Sims Company, a manufacturer of tablet computers began operations on January 1 2019. its cost and sales information for this year follows per unit per unit Manufacturing costs Direct materials Direct labor Overhead costs Variable Fixed Selling and dinistrative costs for the year Variable Five Production and sales for the year Units produced Units sed Sales price per unit prit 56,000,00 (per year 500.000 $6.000,00 100.000 units 70.000 units per unit $ 1. Prepare an income statement for the year using variable costing 2. Prepare an income statement for the year using absorption costing Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using variable costing. SIMS COMPANY Variable Costing Income Statement Sales Loss Cost of goods sold Direct materials Direct labor Vanable overhead costs Fixed overhead costs Net income (loss) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year using absorption costing. SIMS COMPANY Absorption Costing Income Statement Net income (loss)